How major US stock indexes fared Wednesday, 5/8/2024

Stock drifted to a mixed close as Wall Street remains in a lull. The S&P 500 closed little changed Wednesday, after a big three-day winning streak gave way to a tiny gain the prior day. The Dow Jones Industrial Average rose 0.4%, and the Nasdaq composite fell 0.2%. Uber Technologies slumped after reporting worse results for the latest quarter than analysts expected. Shopify tumbled after giving a forecast for slowing revenue growth. Lyft and Arista Networks revved higher after topping expectations for profit and revenue. Treasury yields rose in the bond market.